Daily FNArena News

Is gold just a US dollar story? Things may look different in different currencies.

Economists don’t expect the RBA has finished hiking rates after this morning the central bank increased official interest rates by 0.25%.

As was expected, domestic inflation put paid to any caution over the global credit situation.

Hardly a shock.

The Dow put on over 100 points as the ever-weakening US dollar sent commodities skyrocketing and there was some buying in the financial sector.

Morgan Stanley analysts want to pre-warn the market that global currency intervention is a looming threat.

Leighton and Macmahon have announced a tie-up to bid for new projects and brokers see minor benefits for both sides but little impact in terms of earnings.

Most brokers suggest taking the Nufarm bid while Credit Suisse suggests there’s a lot more upside yet in fertiliser prices.

The ASX has deliver another month of strong trading and brokers have edged up earnings forecasts but are struggling to find value in the stock given comparables will become more difficult.

Asia called the Dow down 2% yesterday but got only 0.4% last night in another volatile session.